Reaksi Pasar Atas Informasi Corporate Social Responsibility
Keywords:
Global Reporting Initiative, CSR, ERCAbstract
Purpose – The purpose of this paper is to identify the effects of Corporate Social Responsibility (CSR) disclosure on market reaction with Earning Response Coefficient (ERC) as proxy.
Data/Object/Metodology – The researcher used secondary data obtained from Indonesian Stock Exchange. The level of the information of Corporate Social Responsibility measures by environment and social indicator in Global Reporting Initiative (GRI) 2006. Data were analyzed using regression analysis
Findings – The results showed that the CSR disclosure proven negative effect on Earnings Response Coefficient (ERC). This result indicates CSR information disclosed is not adequate for investor to consider its information for their investment decision.
References
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Asih, Sri. (2010). Faktor-Faktor yang Mempengaruhi Tingkat Pengungkapan Sukarela Dalam Laporan Tahunan dan Pengaruhnya Terhadap Penilaian Value Relevance (Studi Empiris Perusahaan Non KEuangan di BEI Tahun 2007-2008)
Barnea, Amir, and Amir Rubin. (2006). Corporate Social Responsibility as a Conflict Between Shareholders. http://www.ssrn.com.
Berthelot, Sylvie. Morris, Tania. Morrill, Cameron. (2010). Corporate Governance rating and financial kinerjance: a Canadian study. www.proquest.com, 1 November 2010
Cho, Jang Youn dan Kooyul Jung. (1991). Earnings Response Coefficient: A Synthesis of Theory and Empirical Evidence. Journal of Accounting Literature, Vol. 10, 85-116.
Dhaliwal. K.J dan Lee, Fargler. (1991). The Association Between Unexpected Earnings and Abnormal Security Return in The Presence of Financial Leverage. Contemporary Accounting Research 8 (1)
Foo, S.L., Tan, M.S., 1988. A comparative study of social responsibility reporting in Malaysia and Singapore. Singapore Accountant. August 12–15
Gelb, David S. (1999). Corporate Signalling, External Accounting, and Accounting Disclosure: An Empirical Study. Journal of Accounting, Auditing and Finance: 99-120.
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Lang, M. dan R.J. Lundholm. (1993). Cross-Sectional Determinants of Anayst Ratings of Corporate Disclosure. Journal of Accounting Research, Vol. 27 (Supplements), pp. 153-192
Plumlee, Marlene, Darrel Brown, and R. Scott Marshall. 2007. The impact of Valuntary Environmental Disclosure Quality on Firm Value. http://www.ssrn.com.
Schroeder et al., 2005. “Financial Accounting Theory and Analysis†8th Edition. Wiley. Hlm. 107-108.
Scott, Willian R (2006). Financial Accounting Theory. Toronto, Ontario: Pearson
Widiastuti, Harjanti, 2002. “Pengaruh Luas Ungkapan Sukarela dalam Laporan Tahunan terhadap Earning Response Coefficient. “Makalah Simposium Nasional Akuntansi V.
Wondabio, Ludovicus.S dan Sayekti, Yosefa. (2007). Pengaruh CSR Disclosure Terhadap Earning Response Coefficient. Simposium Nasional Akuntansi X, Makasar.
Wondabio, Ludovicus S. (2010). Analisis Pengaruh Karakteristik Perusahaan Terhadap Pengungkapan Non Keuangan dan Keuangan serta Hubungannya dengan Biaya Ekuitas dan Value Relevance. Program Pasca Sarjana Ilmu Akuntansi. Disertasi. Fakultas Ekonomi Universitas Indonesia.
Yuliana.R, Purnomosidhi, B, Sukoharsono, E.G (2008). Pengaruh Karakterisitik perusahaan terhadap pengungkapan CSR dan Dampaknya terhadap Reaksi investor. Jurnal Akuntasi dan Keuangan Indonesia.
Asih, Sri. (2010). Faktor-Faktor yang Mempengaruhi Tingkat Pengungkapan Sukarela Dalam Laporan Tahunan dan Pengaruhnya Terhadap Penilaian Value Relevance (Studi Empiris Perusahaan Non KEuangan di BEI Tahun 2007-2008)
Barnea, Amir, and Amir Rubin. (2006). Corporate Social Responsibility as a Conflict Between Shareholders. http://www.ssrn.com.
Berthelot, Sylvie. Morris, Tania. Morrill, Cameron. (2010). Corporate Governance rating and financial kinerjance: a Canadian study. www.proquest.com, 1 November 2010
Cho, Jang Youn dan Kooyul Jung. (1991). Earnings Response Coefficient: A Synthesis of Theory and Empirical Evidence. Journal of Accounting Literature, Vol. 10, 85-116.
Dhaliwal. K.J dan Lee, Fargler. (1991). The Association Between Unexpected Earnings and Abnormal Security Return in The Presence of Financial Leverage. Contemporary Accounting Research 8 (1)
Foo, S.L., Tan, M.S., 1988. A comparative study of social responsibility reporting in Malaysia and Singapore. Singapore Accountant. August 12–15
Gelb, David S. (1999). Corporate Signalling, External Accounting, and Accounting Disclosure: An Empirical Study. Journal of Accounting, Auditing and Finance: 99-120.
Ghozali, Imam. (2006). Aplikasi Analisis Multivariate dengan Program SPSS (ed.4). Semarang: Badan Penerbit Universitas Diponogoro.
Haniffa. RM dan Cooke, T.E (2005). The impact of culture and governance on corporate social reporting. Journal of Accounting and Public Policy, Vol 24 p.391–430. www,sciencedirect.com
Henderson, Scott, Graham Pearson dan Kate Harris, Financial Accounting Theory, Australia: Pearson Education Australia, 2004
Lang, M. dan R.J. Lundholm. (1993). Cross-Sectional Determinants of Anayst Ratings of Corporate Disclosure. Journal of Accounting Research, Vol. 27 (Supplements), pp. 153-192
Plumlee, Marlene, Darrel Brown, and R. Scott Marshall. 2007. The impact of Valuntary Environmental Disclosure Quality on Firm Value. http://www.ssrn.com.
Schroeder et al., 2005. “Financial Accounting Theory and Analysis†8th Edition. Wiley. Hlm. 107-108.
Scott, Willian R (2006). Financial Accounting Theory. Toronto, Ontario: Pearson
Widiastuti, Harjanti, 2002. “Pengaruh Luas Ungkapan Sukarela dalam Laporan Tahunan terhadap Earning Response Coefficient. “Makalah Simposium Nasional Akuntansi V.
Wondabio, Ludovicus.S dan Sayekti, Yosefa. (2007). Pengaruh CSR Disclosure Terhadap Earning Response Coefficient. Simposium Nasional Akuntansi X, Makasar.
Wondabio, Ludovicus S. (2010). Analisis Pengaruh Karakteristik Perusahaan Terhadap Pengungkapan Non Keuangan dan Keuangan serta Hubungannya dengan Biaya Ekuitas dan Value Relevance. Program Pasca Sarjana Ilmu Akuntansi. Disertasi. Fakultas Ekonomi Universitas Indonesia.
Yuliana.R, Purnomosidhi, B, Sukoharsono, E.G (2008). Pengaruh Karakterisitik perusahaan terhadap pengungkapan CSR dan Dampaknya terhadap Reaksi investor. Jurnal Akuntasi dan Keuangan Indonesia.
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Published
2019-04-09
How to Cite
mutira, putri mutira. (2019). Reaksi Pasar Atas Informasi Corporate Social Responsibility. PRIVE: Jurnal Riset Akuntansi Dan Keuangan, 2(1), 80–89. Retrieved from https://ejurnal.unim.ac.id/index.php/prive/article/view/369
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